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outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt ceiling, taking it off the table, needs to be part of the deal. you referred to the economy, you called held hostage by the ideological team. you were aware of this, senator obama w
outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad...
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Dec 5, 2012
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that is rightfully president obama is exactly correct. now i would also say this upper income people, their business will be better if that sacrifices first at the upper level and not by taking away social security and medicare benefits that reduce demand in a society for other goods and services. there is an economic argument that i think is beginning to see more, which is essentially what the caller did, that a healthy middle class with consumer demand from a healthy middle-class is what is needed for a healthy economy and therefore benefits all. >> host: kathleen pender writes in the chronicle that there is a silver lining when it comes to the amt. what is less known is the amt has a silver lining. assuming congress passes a patch, people in amt and stay in amt will be protected from an increase in regular income tax rates that the bush era tax cuts expire. that's because they will be paying a top amt rate of 20% come at you at the top regular rate is at 30.6%. this will be true for everyone in amt. people who fall out of the amt could
that is rightfully president obama is exactly correct. now i would also say this upper income people, their business will be better if that sacrifices first at the upper level and not by taking away social security and medicare benefits that reduce demand in a society for other goods and services. there is an economic argument that i think is beginning to see more, which is essentially what the caller did, that a healthy middle class with consumer demand from a healthy middle-class is what is...
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Dec 4, 2012
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they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spending the truth in july's for their own political gain. -- into lies for their own political gain. we need a solution that is not 25 years away. but i do not know how it is going to be done when the president -- and as far as i can see, he has not even sat down for a talk that lasts more than an hour or so. he has other people doing is talking and expects the republicans to try to make a deal. you cannot make a deal with a third part
they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between...
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Dec 4, 2012
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those conversations will encompass not just leaders of congress but business leaders and civic leaders and governors and others who have a stake in the process and outcome of these negotiations. but as secretary geithner aid over the weekend, i think president obama conveyed in his interview earlier today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgment and acceptance that rates have to go up on he remains optimistic that once high end earners, we can find compromise here. that any to preview for resolve and takes a very important step toward thed
those conversations will encompass not just leaders of congress but business leaders and civic leaders and governors and others who have a stake in the process and outcome of these negotiations. but as secretary geithner aid over the weekend, i think president obama conveyed in his interview earlier today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgment and acceptance that rates have...
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that is where i believe president obama is exactly correct. now, i would also say that the upper-income people, their businesses will be better if the sacrifice is first at the upper level and not by taking away social security or medicare benefits that reduced demand in this society for other goods and services. there is an economic argument that i think is beginning to see more of, which is essentially what the caller did. a healthy middle class with consumer demand from a healthy middle-class is what is needed for a healthier economy and therefore it benefits all. host: writing in "the san francisco chronicle." guest: i would agree. i would agree only in small parts. first, the people on the amt that are left there never got the rate cuts in the first place. to say that they are at an advantage because they will not bear the price of the rate cut going away ignores the fact that they never got a rate cut in the first place because they were paying the higher of the two rates. the margins here are small. even when i paid the amt, my reality
that is where i believe president obama is exactly correct. now, i would also say that the upper-income people, their businesses will be better if the sacrifice is first at the upper level and not by taking away social security or medicare benefits that reduced demand in this society for other goods and services. there is an economic argument that i think is beginning to see more of, which is essentially what the caller did. a healthy middle class with consumer demand from a healthy...